(a) APPOINTMENT; COMPENSATION.
There shall be a Director of Finance who shall be appointed by the Mayor with the approval of a majority of the members of Council. His/her compensation shall be fixed by Council ordinance.
(b) QUALIFICATIONS.
Education and experience shall be established by ordinance of Council and shall be in compliance with regulations of the State of Ohio.
(c) TERM.
The Director of Finance shall serve for a term which shall be concurrent with the term of the Mayor, or until his/her successor is appointed and qualified.
(d) REMOVAL.
Council may remove the Director of Finance for the same reasons and by the same procedures provided in Article III, Section 3 of this Charter for the removal of the Mayor. Removal shall vacate the Office of Director of Finance.
A vacancy in the Office of Director of Finance shall be filled by Mayoral appointment for the unexpired term.
(Enacted 11-2-10)
(e) DUTIES.
(1) The Director of Finance shall be the Chief Fiscal Officer of the Village and shall administer the fiscal affairs of the Village, including: the supervision and maintenance of records and accounting procedures which shall conform to the General Laws of Ohio; the compilation of estimates for the budget of all departments of the Village; the exercise of financial budgetary controls over appropriations made; the custody of funds, investments and other property of the Village; the issuance of licenses; the collections of fees, assessments and tax revenues for which the Village is responsible; the investment and deposit of funds as may be provided by Council; the payment of the public debt of the Village; and such other duties as may be required by this Charter and/or as Council or the Mayor may impose upon him/her consistent with his/her office.
(Enacted 11-2-10)
(2) The fiscal year of the Municipality shall begin on the first day of .January. On or before the fifteenth day of February of the current fiscal year, the Finance Director shall prepare and submit to the Council an estimate of the revenues and expenditures of all departments for the coming year. The estimate shall be compiled from detailed information furnished by the head of each department, division, board or commission in a form prescribed by the Finance Director. The classification of the estimate of expenditures shall be as nearly uniform as possible for the main functional divisions of all departments and shall give the following information:
(a) An estimate of the anticipated revenue from each source during the next fiscal year, with a comparative statement of the amount received from such source during the two preceding years and the current year plus an estimate of such amounts for the remainder of the current year;
(b) A detailed estimate of the expense of conducting each department and activity of the Municipality for the next succeeding fiscal year, together with comparative statements as provided in the next preceding paragraph, with reasons for proposed increases or decreases as compared with the current fiscal year;
(c) Failure of the Finance Director to provide the reports required by this section in a timely manner may subject the Finance Director to a fine not to exceed 2% of his/her annual salary. The Council shall give notice to the Finance Director of the charge of violation of this section and hold a public hearing following the time limits specified in Article III, Section 3 of this Charter.
(3) In addition, the Finance Director shall prepare and submit to the Council on or before the fifteenth of November of each year for the coming year, a Capital Improvements Budget. The Capital Improvements Budget shall list proposed projects with their estimated costs and revenues. The Capital Improvements Budget shall also provide the following information:
(a) The total and net debt of the Municipality together with a schedule of maturities of outstanding bonds and notes; and
(b) A statement of the unencumbered balance in each bond and improvement fund.
(Amended 11-3-15)